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Insurance industry contribution to Ghana’s GDP not encouraging – Minister

Government has charged the National Insurance Commission (NIC) to strive to play its regulatory role effectively to bring vibrancy to the insurance industry. “The Commission must not sleep on the laid-down insurance regulations. Please, crack the whip where and when necessary in order to ensure growth in the industry,” Mr …

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SSNIT OBS Contract trial: Court to hear applications on March 22

The trial of Ernest Thompson, former Social Security and National Insurance Trust (SSNIT) Director-General and four others over the Operating Business Suites (OBS) Contract has been adjourned to March 22. The adjournment is to enable the court presided over by Mr Justice Henry Anthony Kwofie, a Court of Appeal Judge …

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Pension funds are secure – Forum

The Forum for Public Sector Registered Pension Schemes on Friday assured public sector workers that the pension funds currently under the management of the four public sector schemes have been invested in accordance with permitted investment guidelines. The forum made up of 13 entities in a communique after a meeting …

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QLAC launches micro insurance policies for informal sector 

Quality Life Assurance Company Limited (QLAC) on Wednesday launched three micro insurance policies designed to address the investment, educational, as well as funeral-related planning needs of predominantly members of the informal sector. The three policies dubbed: “Fa Bi Sie, Wo Ba Daakye, and Emma No Ento Wo Ansa,” are all …

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NHIS funding challenges due to escalating claims cost – Director

Mr Abass Suleymana, the Upper West Regional Director of the National Health Insurance Authority, has attributed the funding challenges of the scheme to escalating cost of claims. He said the increasing cost of claims was due to extremely high medicine prices, irrational prescription behaviour, supply induced demand and weak referral …

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NHIA seeking legal powers from A-G to tackle fraud

The National Health Insurance Authority (NHIA) says it is seeking legal powers from the Attorney-General’s (A-G) Department to prosecute persons who defraud the health insurance scheme meant to provide access to universal healthcare to Ghanaians. According to the NHIA the National Health Insurance Scheme’s (NHIS) present legal framework does not …

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Bawumia says drone delivery service is national priority

Vice President Dr Mahamudu Bawumia on Wednesday waded into the debate about the use of drones to distribute blood and other essential medicines to hard-to-reach communities across the country, saying that the technology is a national priority that would save many lives. The Vice President recounted a personal experience on …

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SSNIT says it saved GH¢20m by deleting over 6000 pensioners from its payroll  

The Social Security and National Insurance Trust (SSNIT) as of September this year, had saved GH¢20 million by deleting 6, 452 pensioners from its  payroll, with an additional GH¢4 million plus,  expected by the end of the year. The total investments of the Trust’s assets as at September 2018 was …

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National Health Insurance Authority enhances legal department to prosecute illegal activities

The National Health Insurance Authority (NHIA) has issued a warning to Service Providers of the National Health Insurance Scheme (NHIS) to desist from charging unauthorized fees from its subscribers or opt out of the Scheme. Mr Oswald Essuah-Mensah, Deputy Director of Corporate Affairs of the NHIA, who gave the caution, …

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Health facilities double billing in South Dayi

Mr Mawuko Tsigbey, South Dayi District Manager of the National Health Insurance Authority (NHIA), has noted all health facilities in the District were collecting illegal fees from patients. He said some health service providers were also submitting claims to the Authority for double payments after subscribers had been paid. Mr …

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